Staff Reporter, Dhaka : IPDC Finance PLC., the first private-sector finance company of Bangladesh, delivered an strong 78.52% year-on-year rise in net profit after tax to BDT 65 million in the first quarter of 2026. The result signals a clear turnaround in earnings quality, supported by stronger net interest income, robust investment income, and disciplined cost optimization.

The company’s Managing Director, Rizwan Dawood Shams, stated “Our first quarter performance reflects the resilience of IPDC’s business fundamentals and the disciplined execution of our strategic priorities. We remain committed to maintaining sound risk management practices, and creating long-term value for all stakeholders while supporting Bangladesh’s evolving economic aspirations.”

Earnings per share increased to BDT 0.16 from BDT 0.09 in Q1 2025, underscoring the improvement in after-tax profitability. Despite a challenging macroeconomic environment, the operating income grew 24.40% year-on-year to BDT 942 million. Gross interest income rose 6.01% YoY to BDT 2,425 million, backed by sustained asset portfolio deployment and prudent lending. Interest expenses increased only 1.74% YoY to BDT 1,844 million, reflecting easing funding costs. As a result, net interest income expanded by 22.33% YoY to BDT 581 million, reversing the margin pressure seen through much of 2025.

Investment income remained a key growth driver, rising 32.51% year-on-year to BDT 317 million on the back of stronger yields from government securities and a broader treasury portfolio. Commission and brokerage income also increased 13.29% YoY to BDT 38 million. Together, these gains lifted total operating income to BDT 942 million, a commendable 24.40% increase over the prior-year quarter.

Operating cost management remained a key strength during the quarter. Operating expenses rose just 3.52% YoY to BDT 397 million, creating meaningful operating leverage and pushing profit before provision to BDT 545 million, up 45.79% from Q1 2025.

On the balance sheet, loans, advances and leases stood at BDT 73,743 million as of 31 March 2026, a marginal 1.18% contraction from December 2025, consistent with selective credit deployment in a still-recovering demand environment. Total deposits grew 1.60% from December 2025 to BDT 63,247 million, reinforcing the company’s stable funding base and depositor confidence. Meanwhile, Net Asset Value of the company improves to BDT 18.01 in March 2026 compared to BDT 17.85 in December 2025.